Reed Smith launches regulatory compliance tool

By way of Denise Howell comes word of the launch today by her law firm Reed Smith, in conjunction with DolphinSearch, of ComplianSeek, described as “a first-of-its-kind integration of law and technology designed specifically to help meet the regulatory compliance needs of investment advisers within the financial services community.” According to the announcement, the tool is designed to help investment advisors identify e-mail they must retain in order to comply with federal law and then quickly produce the e-mail should federal regulators require it.

As Denise notes, this is the second time Reed Smith has partnered with a technology provider to develop an innovative tool to meet a pressing legal need. I previously wrote about its 50 State HIPAA Privacy Study for an article published in The American Lawyer. Here’s a snippet of what I wrote then:

“Charting compliance with federal and state medical privacy laws could make a health care provider ill. But an innovative use of technology to deliver legal guidance is proving for many health professionals to be just what the doctor ordered. Lawyers say that it has a healthful side effect for them, too: a new avenue for delivery of legal services.”